Deal will establish a data and analytics firm focused on health care

Verscend Technologies Inc., backed by private-equity firm Veritas Capital, has agreed to acquire Cotiviti Holdings Inc. for about $4.16 billion in cash to create a data and analytics firm focused on health care.

Under the agreement, Cotiviti shareholders will receive $44.75 in cash per share of Cotiviti stock owned, which represents a 32% premium to Cotiviti’s share price as of June 4, the day before reports surfaced that the company was exploring a sale.